The Donald Trump administration announced on Monday that it wants to limit asylum conditions for foreigners entering the United States after crossing Mexico and other territories, in a new attempt to stop the flow of migrants arriving in the country. This announcement comes at a time when Washington is unsuccessfully seeking a “Third Secure Country” […]
Dollar reaches its lowest price in 17 months
The price of the dollar continues to fall in the wholesale market Monex. This Monday, it closed at ¢575, a price not seen since February 2018. In a matter of just a week, the US currency has fallen almost ¢8. To give another example, this Monday the dollar is ¢45 cheaper in Monex than at […]
ANEP reaches agreement to modify project drafting
After the meeting with the legislator from the Social Christian Unity Party (PUSC), Aracelly Salas, the municipal sector unionists reached an agreement to modify the wording of the law reform that “had them worried for weeks.” This was stated by Albino Vargas, secretary general of the Association of Public and Private Employees (Anep), detailing that […]
Alvarado says protests are unjustified
President Carlos Alvarado said Monday’s protests by several sectors in different parts of the country are unjustified. He stated he was hopeful that society was able to distinguish between the demands that are just and those that, in his opinion, are unjustified and only seek to hinder the progress of the country. He added that […]
Costa Rica banned imports and use of styrofoams
On Monday, President Carlos Alvarado signed the law that will ban the import and use of styrofoams in Costa Rica. The legislators approved this law on second reading on June 13th. The law, which will come into force within 24 months, makes an amendment to the legislation on Integral Waste Management. It decrees the prohibition […]
Hacienda will save $18 million a year by issuing Eurobonds
According to INS Valores, the issue of Eurobonds would save the Treasury about $18 million each year, and about $396 million due to the difference in local rates versus international rates. As an assumption, we use two terms that are relevant and attractive for international investors, 10 and 30 years. If the bonds were sold […]
